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Research In Motion Profit Rises 45%

Thu, 12/16/2010 - 9:24pm
New York Times

TORONTO (AP) — Research In Motion, maker of the BlackBerry, on Thursday said its quarterly earnings rose 45 percent as sales continued to surge overseas despite tough competition in the smartphone market.

The results beat analysts’ expectations, and the company provided a forecast for the current quarter that also exceeded Wall Street expectations. Its shares rose in extended trading.

R.I.M. said it shipped 14.2 million BlackBerrys in the quarter, narrowly beating Apple’s iPhone sales in its latest quarter, which ended in September. Most of R.I.M.’s growth is now coming from markets outside the United States, Canada and Britain, where the BlackBerry is the business phone of choice.

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